Directions and prospects for expanding the export of russian wheat

Abstract

The grain economy of Russia has now reached a new high level of development, providing ample opportunities for the expansion of Russian grain to the world market. The research reveals the following main threats to further strengthening the position of Russian wheat in the world market: instability of yields and inappropriate production and logistics infrastructure, which determines overestimated transaction costs and low flexibility of supply. The article analyzes the structure of importers of Russian wheat to characterize the instability of the world wheat market and high competition on it. The aim of the research is to form key directions for ensuring the sustainability and efficiency of wheat exports. The development of the grain product subcomplex of the Russian agro-industrial complex is presented by the authors from the position of priority in ensuring the food security of the population by fully meeting the needs of the domestic market, while exports are assigned the role of an instrument for regulating the grain market. Increasing wheat exports is not a priority for the development of grain farming; however, under the current conditions, this is the main incentive for increasing grain production and a way of obtaining foreign exchange income for agrarians. In this regard, it seems necessary to increase the regulatory role of the state in managing the country's grain balance and intensify investment processes in the industry through improving the country's fiscal and monetary policy in relation to the agricultural sector.